0
What is the difference between liquidation and dissolution in the context of partnership?
Wiki User
∙ 15y ago
liquidation of partnership is when partnership is broken due to the insuficient fund problem a partnership may encounter, while dissolution of partnership is when partnership is resolved according to the decision taken by the partners
Wiki User
∙ 12y ago
Wiki User
∙ 15y agoplease answer me this question
Add your answer:
Earn +20 pts
What is the difference between dissolution of partnership and dissolution of firm?
Dissolution of partnership refers to the termination of a partnership agreement between partners, while dissolution of a firm is the process of ending the entire business entity, including its legal existence. Dissolution of partnership may result in the business continuing with remaining partners or winding up, while dissolution of a firm involves liquidating assets and settling debts before formally closing the business.
What is the difference between dissolution and disintegration in capsule and tablet?
hjh
What mean dissolution of partnership by automatic?
When a firm is put to an end as between all the partners, that is called dissolution. Section 39 declares:Section 39. Dissolution of a firm.-The dissolution of partnership between all the partners of a firm is called the "dissolution of the firm".Thus dissolution is something different from the retirement of a partner, because in retirement the business is continued by one or more of the partners. Where immediately after dissolution, the firm is reconstituted and the business resumed by some of the partners, even if in the same name and place, that remains dissolution. Where, on the other hand, on the death of a partner, his legal heirs joined the firm in accordance with the provisions of the partnership deed, the firm would not stand dissolved, although its constitutional documents would have to be altered.MODES OF DISSOLUTION1. By consent [S.40]2. By agreement [S.40]3. Compulsory dissolution [S.41]4. Contingent dissolution [S. 42]5. By notice [S.43]6. Dissolution by court [S.44]
What is the difference between a partnership and joint venture?
dfdfdfdsf
Difference and similarities between partnership and agency laws?
mwanaidi.
Difference between sole proprietorship and partnership?
A sole proprietor is a person who is in business for themselves. A partnership is two or more people who are in business for themselves.
What is diifferenct between liquidation and partnership?
In business a liquidation means to sell of the assets of a business. A partnership is a joining together of two or more people to run the business. The only situation I can perceive where these two ideas would be options is when the business owes someone a debt. If the creditor proposes to be paid by you liquidating the business this means you close shop. If however the creditor offers a partnership this means he offered to join with your business as an owner and uses the debt to buy into your business.
What is the difference between a partnership and an operating agreement?
The difference between a partnership agreement and an operating agreement is that in the partnership agreement is set up for all owners or partners to be responsible for the company. The operating agreements differs in the fact that the agreement is for the person or people in charge of the operating requirements for the company.
What is differences between divestiture and liquidation?
Divestiture is silent. Liquidation is public.
What is the Difference between partnership organization and a corporate business organization?
There are several differences, but the main one is this. A corporation is a separate legal entity. A partnership is not.
What is a difference between public private partnership and private public partnership?
No, both refer to joint efforts by private companies and governmental bodies.
What is the difference between an ordinary partnership and an extraordinary partnership?
ordinary:in an ordinary partnership the partners are jointly and severally liable for the debts of the undertaking. extra ordinary:where the liability of the partners towards third parties are limited
